THE PLACE: Welcome to the high life, both literally and figuratively. This is one of the two penthouses that sit on the 65th and 66th floors of the swish new Shangri-La hotel and condo complex at Adelaide and University (presently under construction). With 6,700 square feet of space, plus another 2,900 square feet on the terrace, the unit is one of the biggest and most luxurious in all the new towers going up between Bloor and the lake.

BRAGGING RIGHTS: We were leaning towards the trees on the terrace or the view, but in the end settled for the private elevator. Just think: never waiting for, or having an awkward conversation in, your building’s elevator ever again.

BIG SELLING POINT: The view, which is an unobstructed panorama of the downtown landscape, like the CN Tower, Rogers Centre and all the new office buildings. Only the CN Tower, First Canadian Place and Scotia Plaza might offer more sweeping vistas. When all its 214 metres are complete, the Shangri-La will be the seventh tallest building in Toronto.

POSSIBLE DEAL BREAKER: Aside from the Tony Stark-level price tag, its proximity to downtown means you might have to walkto work rather than take the Benz or the chopper.

7 thoughts on “Home of the Week: $18.9 million for a two-storey penthouse condo at University and Adelaide”

Think its a little bit silly that they’re showing off a condo that isn’t built yet. I’m guessing those interior renderings were put together by some intern at the architect’s office… and we all know that condo renderings are a lot of smoke and mirrors, and little substance.

It would be nice if this “home of the week” feature didn’t merely sample the most expensive residential properties available. (I understand that’s the easiest way of finding potentially remarkable homes, but I can’t condone laziness.)

you guys are all thinking like Canadians. This place will be bought by a Russian oligarch or Arab investor needing to preserve capital, diversify his assets, get some Canadian dollar exposure, have somewhere to park floozies or his kid studying at U of T, etc., when it’s not sitting empty or being rented out for movie shoots.
Does room service come from Momofuku at this place? that would rock.